Trump has planned 2,300 new homes at the struggling Doral resort

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NEW YORK (AP) Donald Trump plans to build 2,300 luxury homes at his Doral golf resort in the Miami area, part of recent steps to revive a family business suffering from the one-two blow of a divisive presidency and coronavirus shutdowns.

In a statement Monday, the 45th president called plans for his expansive Trump National Doral resort perhaps the most exciting development in the country but lacks details such as the size of the homes and whether what it might cost them. The release said the plans called for the construction of retail and commercial space as well.

Doral, the largest revenue generator of Trump’s 17 golf properties, has been a drain on business in recent years.

In 2019, Trump announced plans to hold a global meeting of Group of Seven leaders at the resort, a potentially big money for the hosts. But he had to cancel after a bipartisan outcry about self -dealing and a possible violation of a constitutional ban on presidents accepting gifts or payments from foreign leaders.

The resort hopes to reclaim the land after the PGA and other organizations stopped events there, but finances have only worsened since then. Revenue fell by more than $ 33 million over the next two years, down more than 40%, according to financial statements filed with a federal government ethics office. Last year, Trump’s company had $ 125 million borrowed in property.

The Trump Organization did not respond to requests for comment.

The press release has the official US government stamp with the American eagle on top, an unusual use provided in the release promoting a private business venture. Former presidents can use the stamp for things involving their former office, but are not allowed to earn from it. Under federal law, the stamp can only be used for official government business.

Trump Organizations ’plans for Doral are part of a series of recent business transitions after months of relatively quiet.

In September, several news outlets reported that the company had made a preliminary agreement to sell the leasing underlying its Washington, DC, hotel to Miami-based CGI Merchant Group for $ 375 million, more than expected a lot of hotel experts for losing money. property.

In October, Trump announced a new rival on Twitter, Facebook and other social media platforms that banned him after his supporters stormed the U.S. Capitol on Jan. 6 last year. The business said it will give a voice to others removed from social media sites as part of the cancellation culture. ”Last month, it said it had raised $ 1 billion from unnamed investors and plans to launch a messaging app that called Truth Social earlier this year.

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